Academic Committee Regulations - Chapter Five: Principles of Asset Management and Use


Release time:

2008-08-16

Article 15 Sources of funding include:

1. Funding from the competent department;

2. Special funds allocated from the local financial budget upon application;

3. Sponsorships and donations from individuals, departments, social groups (enterprises), associations, and other relevant units both domestically and internationally;

4. Legal income generated from activities conducted within the approved business scope.

Article 16 Fund management:

1. Establish a fund management team to strengthen supervision and management of funds;

2. Hire accounting personnel to be responsible for fund income and expenditure;

3. Correctly understand the scope of expenditures, strictly adhere to financial discipline, and account for all expenditures;

4. The assets of this association shall not be infringed upon or misused by any unit or individual.